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Search Results 0 to 49 of about 93 (some duplicates have been removed)
fugate to do that and signed off on jeb bush to do this, there was this hangover from katrina going back in the bush administration and there's always been a point of emphasis, if you will, on fema by the obama administration. i think frankly it won't have mattered who came into the presidency in the post katrina world there was going to be an emphasis on fema. you weren't going to let that get politicized. yes, it's a political appointee and you're going to have somebody who came with a background to do this stuff. so i think that they realize that it's a high-wire act, this emergency management business. and most of the time if you do a good job it's good politics. if you blow it, it's really bad politics. >> i agree. >> it can be unrecoverable politics. so this is a case where good politics and good public policy and good management all converge. it's good politics to do a good job. you're not playing one side against the other. >> you know, i've always thought that the democrats being the government party because they believe in government more than republicans owe a greater debt, a
's response to a hurricane. he was in two weeks after hurricane katrina. are you confident that fema is prepared given the sheer size of this storm, almost a thousand miles in dimer. >> it is a huge storm and the impact will on the storm is so big, it is impacti sever states from dall the way up to maine at the same time. but i am rae very comfortable. we have a great administrator running the organization. he gets it, he's from florida, a good emergency manager. doesn't run around with his hair on fire. so i'm confident they will do a good job. >> on a conference call today n fact, your successor, mr. fugate said the disaster fund at fema has a billion dollars in t more or less. is that enough for this kind of response that will be necessary? >> probably at the end of the day the expenses will be more than that. but yes, it's enough for now. what the president has de, he psident has done a prelandfa declaration of all of the states up the east coast. so that allows the administrator to move supplies in now, move people in now, rescue teams in, and to get ready, work with those emerg
-team" and the damage from the storm, unprecedented. the total cost exceed that of katrina? liz macdonald joins us for a live report and also to assess what is likely in store for investors on wall street tomorrow as well. much more straight ahead. stay with us. ♪ [ male announcer ] do you have the legal protection you need? at legalzoom, we've created a better place to turn for your legal matters. maybe you want to incorporate a business you'd like to start. or protect your family with a will or living trust. legalzoom makes it easy withtep-by-step help when completing your personalized document -- or you can even access an attorney to guide you along. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any quesons. get started at legalzoom.com today. and now you're protected. ♪ lou: well, what was once hurricane sandy continues to weaken tonight as the system makes it strike across pennsylvania into southern canada, the worst of sa
, unprecedented. the total cost exceed that of katrina? liz macdonald joins us for a live report and also to assess what is likely in store for investors on wall street tomorrow as well. much more straight ahead. stay with us. ♪ ♪ lou: well, what was once hurricane sandy continues to weaken tonight as the system makes it strike across pennsylvania into southern canada, the worst of sandy's winds are over as the -- what is now called the super storm heads, but windy conditions will continue over the great lakes into tomorrow. forecasters saying the higher elevations of northern west virginia could also get as much as 8 inches of additional snow overnight. well, the trail of destruction, as we reported to you at the outset, leaving at least 39 people dead in this country. more than 8 million customers are without power on the east coast and the economic effects will not be known for some time. joining us now to assess the impact that this circuit will have on the economy, we are joined by fox news editor liz macdonald. let's start with just the straightforward. i mean, the markets close
airlines to talk about the impact on the industry and the man who led fema during hurricane katrina will tell us what the federal emergency agency should expect from this storm. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use, it's the ultimate combination of speed, small size, and low-cost printing. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. ♪ ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. >> we talked
to start rebuilding. up next we have an expert from katrina. >> another look at the damage and devastation after sandy. >> it is now quarter past the hour. it is now just a pile of broken concrete. peter doocy has been down there the past few days. he is in delaware to tell us a little bit about the situation the there>> >> 8.1 million people are still without power. that will be something that continues to be a problem as the days go on. right now it is cold outside. it is 43-44 degrees here in delaware on the boardwalk f. you don't have power you don't have any heat. boardwalk is a little bit sandy different stories of the boardwalk is completely splintered in some cases. folks who are familiar with the boardwalk are not going to remember it or they are not going to recognize it when they go back to visit later on. residents know they are very lucky to have avoided that kind of devastation. >> we were very fortunate. we thank god that the storm went north of us. we never expected new york was going to get anything worse. the city came through much better than anything any of us could hav
you wondering whether private enterprise can work, we know from walmart and katrina it works. >> walmart and budweiser, gave truckloads of water, not necessarily beer, i know you were disappointed with that. but think of katrina, $2,000 debit cards they worked out well, people went out and bought tattoos and flat screen tvs, we have the mobile homes,. neil: in the mud. >> they sold them for a deep discount, and lost about a billion in that. governor jindal from new orleans, was complaining that federal government messes it up every step of the way, how could you expect them to do well, we could do much better if you just gave us the money, that is what mitt romney says, get federal bureaucrats out. neil: when this came out today, his back up against the wall, what to you say governor? do you say no fema? what do you think he should say. >> right now, it is a very delicate time, i'm not a politician, i say fema screws it up just about every time they get hole of it since they began in carter administration, whether it is a republican or a democrat, but still screwed up, and th
process while short term may be an issue for markets over the longer term as seen with katrina where you possibly could see better economic growth after this quarter. >> we'll see about that. that's a really important point. doug, only about one-third of the earnings have beaten expectations, lower than average of the past four quarters. is this an indication of what the markets are headed? we've got one month out of the three months for the fourth quarter in the books. what is your expectation for november and december? >> well i think the economy is slowing. that's clear and you know, when you're doing 1% or 2% gdp growth, it's tough to find 10% earnings growth by cutting expenses but ultimately i think the market's priced for that. we're not trading a market that's 20 times earnings, we're in a market that's 12 times earnings. i think expectations are low. if there was a surprise in october for us and it's something we've been hoping for, if you're at riverfront, you're going to see outperformance overseas so for four years the u.s. has kicked the rest of the world's butt, in other wo
their lives. >> you remember this back with katrina, the same thing happened where a lot of residents in new orleans had seen a lot of hurricanes before. and they heard this is going to be the storm of century, and nothing ever happened to their houses, and they ignored evacuation orders. you can't -- there's only so much preparation you can do. you can never create a risk-free society. you can't prepare for everything. you know, but one of the things that has to happen in these situations for things to work right is for the government has a part to play, but individuals have a part to play, too. you've got to be working together so when people -- some of these people, obviously, their pain is genuine and totally understandable. but some of these people did, you know, were told to leave and didn't leave. and you understand why they didn't. it makes sense in human terms, but, you know, there is a responsibility that you have for yourself in addition to what the government obviously has for you. and again, if both sides are woaren't working together, that's when things fall apart. >> the perso
to katrina, that very first night when people thought the storm had passed, what we thought the conditions were, when daylight came the next morning and we found out it was vastly different and much worse. we're hoping that we don't have that situation here in new york. we don't have levees in new york, but when daylight comes, we may be open for a rude awakening. as for thathat's dangling over the city, make no mistake about it. that is extremely serious. when you have a piece of metal like that hanging, think of a hanger and something called reverse bending fatigue. you keep bending it enough, and the wind bends it and bends it, just like with a hanger, back and forth, back and forth, it will eventually break. let's hope that is not going to happen here. that's a very dangerous situation, a very large crane. now to go to the very latest on sandy's path. meteorologist rick reichmuth in the fox extreme weather center. rick? >> i walked by that crane this morning on my way to work and i saw it. i thought how is that crane still up there when you've got winds at that height gusting to 90 to
should have said with katrina. they have used the ploy and bush. hey i was told not to come in there that they didn't need the gridlock. this proves it. if you think. >> bill: let me set it up, that bloomberg told president obama and dennis miller not to come to new york. miller defied him but the president did not because the president is doing lump lomb lombado. >> in a heavily populated metropolitan area. they both start with new, new orleans or new york. the one mayor was hiding out in the penthouse trying to stay soft. >> bill: you couldn't freeze traffic zones because traffic isn't moving. >> i was 10 blocks away, billy. i gave up after 40 minutes and just walked over. >> bill: you can't go anywhere because the subways are out. >> just remember that folks when they tell you they were heartless and bush was heartless. they don't want the president in major area. good for bloomberg for saying it. >> bill: do you think that the hurricane is going to have any influence on the presidential vote next week? >> no. but i would watch west virginia. you know, they often say the
than irene's 15.8 billion, last year. but far below katrina's 108-billion dollars and 18-hundred deaths and missing in 2005. unless there is damage to infrastructure, economists say ports and rail yards will make up for lost business quickly. some stock trades, perhaps not--because a light week was expected pending the outcome of the presidential race, a week from now. among insurers, allstate, travelers and chubb corp have the largest market share in sandy's path. corelogic, estimates it includes 284,000 homes worth $88-billion dollars. economists are mixed on whether the storm's impact will affect fourth- quarter g-d-p. mark vitner, senior economist with wells fargo securities says it depends how much is shut down and for how long. mark zandi at moody's analytics says the storm may cause spikes in economic activity--repairing and rebuilding. depsite the storm-- the government is expected to report unemployment numbers for october this friday. phone companies along the east coast are preparing for the likelihood of overtaxed communication infrastructure during hurricane sandy. at&t is
from the corps of engineers a special team that pumps and they worked in katrina. they are onsite. we are showing them the situation and they are assessing it. we want to pump out the water to see what is going on in the tunnels and that will help us get the power back. >>reporter: the most difficult question, timetable, your best projection when new york city will return to the new york city we all remember. >>guest: is the new york city you remember. it is the new york city you remember today. because it is made up of new yorkers. >>reporter: with working subways. >>guest: well, the new york subway system...the buses have started running this evening limited and will run full service tomorrow. subways will come back in the in few days but the subways don't make new york, new york. >>reporter: i should add, some good news we are told that when the buses are up and running today and tomorrow, they are going to be free. >>shepard: a lot of questions about the power grid in lower manhattan and whether they can supply power to the stock exchange. he clearly cannot hear me. another point
might know ahead of hurricane katrina he was the only one sounding dramatic alarms as to the levees getting potential breached in new orleans and history has not been kind to you michael but --. >>guest: you have been very kind and i appreciate it. >>neil: i mentioned governor christie, in new jersey, the governor has enormous sway even moving halloween. there is talk now that governor chris christie, a father, wants to push back halloween to celebrate trick or treaters going out on saturday november 3rd instead of tomorrow, october 31st, formally halloween, and, i guess, if the governor says that is what it is going to be, that is what it is going to be so if you are trick or treating in the garden state, saturday is the day. and now, charles gasparino will have more, i love charlie to death, he is one of the best reporters on the planet before none but here is where he bugs we are are stormed about the stock exchange being shut down. >>guest: i don't want them to set up their trading desks at high tide. it is 11 years since 9/11, where is the contingency plan? this is a global sto
. but i don't think you have a situation like we had with katrina where prices just took off because that's where the refineries were, and a lot of things were shut down during katrina. you don't have that in this situation. i mean, there's ample supply out there. so like the markets reacted today, in an unchanged way, i think that's what you are going to have going forward, and that $85 level in crude seems to be building a bottom here. i know we have come off an awful lot. so i don't -- you know, we're trading right around that area. going forward into the elections, we have other things other than just the storm that's going to affect the price of crude and rbob gasoline. i think gasoline, if we get a spike, i don't think it's necessarily due to the storm. if we get a drop, it isn't due to the storm as well. i think that will cancel each other out. ample supply. liz: stay safe. i assume you will be back on the floor if they open it. thank you very much for joining us. mike mcpartland there in edge water new jersey. we have breaking news on a day where the markets have been closed and a
associated with the storm. point of reference, hurricane katrina, around $80 billion of damage alone with another $80 billion in economic damage in the aftermath of katrina. so 20 right now for damage in new york, plus another 20, 25 economic activity. i think those numbers will go substantially higher when they really find out. >> steve: plus there are so many houses they haven't been able to get to. the barrier islands south on the jersey shore, people haven't been able to get there because they were essentially washed out. >> gretchen: the interesting thing about politics relating to the storms is what is the right move for politicians, especially when we're six days away from a monumental presidential election? remember the scathing interpretation that president bush got with regard to hurricane katrina. so what is the right response? the president has to come and has to survey the situation, so what should mitt romney do? he's our -- can you imagine the discussions going on inside these camps about what is the right tone? what looks correct? >> eric: i hate to do this, but i rem
, there is debris everywhere but there isn't just devastation. this is an katrina that watch everything away. these buildings still exist. there is a heck of a clean up here to do but this can come back. a little worse down the beach in seaside heights and atlantic city but it will come back but look. look at this debris. junk everywhere. this is going to take a while. this is the roof of the tiki bar which is 300 yards up the beach. this was the roof of it and that is deposited here. i leave you with this shot at the atlantic ocean. it occurred to me today that as i look out there it is almost like nothing happened. the ocean is saying i was upset but i am calm now. i may not stay calm forever but you are good for while. connell: that pictures of beautiful and to come back to the isolation is jarring. what stood out to you today? today is the first day you had a chance to walk around the. >> exactly. the first sunny day. the first real nice day. you hit it exactly right. the contrast in the devastation and the beauty. this is typically what we see after hurricane. took a couple extra days b
is the main cause of damage and the top cause of damage in hurricane katrina, isaac, irene and it has been the top cause of damage since 1980. that is the first time mine -- munich re, the insurance company, started to look at hurricane related events. look at storm surge. i will see where the deep parts of the flooding will be felt along the eastern seaboard. look at this possible surges surpassing six feet. you will see how much it goes inland. because these are sigh loan force winds. we also have a full moon, high tide will be hitting tonight at around 8:00 p.m. eastern time. melissa: wow. >> that is expected to add two to three inches to the storm's surge. so that's the problem here. so when you add texas, add oklahoma and new mexico and arizona into the circumference of it, the total circumference but the problem is insurance policies tend not to cover flooding. you have to buy a separate insurance policy to cover flooding. that is the thing homeowners and businesses need to owe. melissa: i thought it was separate issue flooding from a hurricane or just looding? >> that is important
how much money geico has made since the katrina year, how much buffett has made? a fortune. what was that, 2005? >> yeah. >> but i do wonder if you did have trading this morning, what somebody look travelers or berkshire would be trading at. >> but weaved had less hurricanes since 2005 than you would think. >> refinery, do you know anything about the plants around here? >> i don't know the specific plans, but i know that's certainly a risk. about 7% of the nation's refining is done here in new jersey and dwell wear. and they're right in the path. absolutely right in the path. so i would expect to see those guys shut in if they haven't already. which will impact obviously gas prices. >> there was speculation how you could see oil prices drop because no one will be taking supply. >> that's true. absolutely. >> paul, thank you very much. you'll be in-house with us. >> i'm weathering the storm here. >> andrew, i'm not kidding, last week, a sociologist writing for the huffington "post" said if this doesn't get us to completely try to get off all fossil fuels as quickly as we possibly
's katrina. just devastating impacts here. this historic surge, 13 feet, all that water coming on in and the high wind gusts. worst-case scenario did pan out here unfortunately. >> all right. mark mann cue sew from accuweather. the airlines trying to get back to normalcy and what the red cau cross is doing to help out. >> plus more incredible rescues that didn't have to happen. we'll be right back. en. we'll be right back. >> announcer: "america this morning" brought to you by 5 hour energy. 5-hour energy supports the avon foundation for women breast cancer crusade. so i can get the energized feeling i need and support a great cause? i'm sold. pink lemonade 5-hour energy? yeah and a portion of every sale goes to the avon foundation for women breast cancer crusade. i'm sold. new pink lemonade 5-hour energy. get the alert, energized feeling you need and support breast cancer research and access to care. but what about your wrinkles? neutrogena® rapid wrinkle repair visibly reduces fine lines and wrinkles in just one week. why wait if you don't have to. neutrogena®. [ male annou
york city's katrina. just devastating impacts here. this historic surge, 13 feet. all of that water coming on and those high wind gusts. worst-case scenario did pan out here, unfortunately. >> all right. mark mancuso, from accuweather. thanks for joining us this morning, mark. >>> straight ahead, more of our continuing coverage of sandy. the airlines trying to get back to normalcy. and what the red cross is doing to help out. >>> plus, more incredible video from across the storm zone, including rescues that didn't have to happen. we'll be right back. new pink lemonade 5-hour energy? 5-hour energy supports the avon foundation for women breast cancer crusade. >>> welcome back, everyone. 5 million people take the new york city subways every day. and this morning, the entire system is shut down. seven subway tunnels under the east river are flooded. and the electricity that powers -- runs the system, is turned off to contain the salt water damage. getting the trains up and running again will be a massive undertaking. >> it could be anywhere between 14 hours to 4 days, just to pump the w
and the current pushed it the entire way. >> so many of these scenes reminiscent of katrina. what weird images coming from the storm. absolutely unbelievable. >>> when we come back this morning, the stock exchanges will be up and running today. that's a bit of good news. but what about tens of thousands of new york city marathon runners? the race set for sunday. >> that's the million-dollar question. >>> and a bird's-eye view of the terrible impact of sandy, right here in the big apple. with over 200 varieties, keurig makes brewing a delicious cup of coffee simple. how does it brew such great coffee? well... inside the brewer are these green fields of coffee, and if you travel up this mountain, there's this huge coffee grinder. and then the coffee lands in this cup and water rushes through. actually, i just press this button. brew what you love, simply. keurig. living with moderate to semeans living with pain.is it could also mean living with joint damage. help relieve the pain and stop the damage with humira, adalimumab. for many adults with moderate to severe ra, humira is clinically proven
're operating. this is cover of "the washington post." this is new york's katrina. obviously the death toll compared to that storm nowhere near approaching it but still 20 some odd people dead in new york alone. 2 million people without power. for those of you that live around here, we hope you're safe and your homes are okay and families are okay. if you're in other parts of the country or the world trying to trade today, there are going to be business decisions, trading decisions to be made. >> we don't know how badly the insurance is going to do. it's up to you. you may think it's bad for insurance. maybe it's good. we don't have a good ballpark of how much and more importantly, so much of the damage is flooding, which historically has been one of those things where you call the insurance company and they say did you read the fine print? we don't cover flooding. the federal government has at various times extended flood insurance and helped people. particularly when anyone remembers the fiasco where the federal government says, listen rich people, you can build beautiful houses again. th
katrina was the most costly and 108 billion. new jersey officials say they are extending the deadline for the unveiling and balance and will send in assistance to the storm battered communities. obama likes to talk about killing bin laden. we will talk about the unmentionable. details about the failure to protect the nation's interest and people in the be up. next. follow the wings. lou: it is time for the top talk. we want to address the president this seems to be profoundly challenge by truth and reality. this is the president seeking your approach. listen carefully. >> we knew from the beginning the work would take more than one term. long before the financial crisis hits. >> they have been hammered under this president. the intelligence and the memory of the american people. one month after he took office please listen carefully. >> i will be held accountable. i have four years. one year from now we're starting to make progress. of this is not done in three years it is a one-term proposition. lou: he forgot he would need to terms. >> these are uncomfortable words some say he has l
have seen is a real team. >> it could be become the second most important storm. hurricane katrina was the most costly and 108 billion. new jersey officials say they are extending the deadline for the unveiling and balance and will send in assistance to the storm battered communities. obama likes to talk about killing bin laden. we will talk about the unmentionable. details about the failure to protect the nation's interest and people in the be up. next. ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obviously verizon. okay, i have a different chart. going that way, does that make a difference ? look at verizon. it's so much more than the other ones. so what if we
proposed after hurricane katrina. a fomer f-c-c executive tells bloomberg news, sandy may get washington moving on this again. the new c-e-o of chicago public schools has exactly one month, by law, to announce which schools will be shut-down or consolidated. the city has 681 schools. barbara byrd-bennett says 40 percent of them are under- utilized, and 20 percent are more than half empty. she believes it's key to listen to parents during the process of choosing which schools to close or combine. the chicago teachers' union says it's skeptical, but hopeful, c- p-s will listen to the community. some parents and community leaders are upset about a plan to convert a northwest side middle school into a marine academy. alderman roberto maldonado is proposing to convert ames middle school in logan square into a marine academy for seventh through 12-graders. the proposal would make ames the first military middle school in chicago and first neighborhood school to go military. it means students would have to wear the marine uniform to go to their neighborhood school. opponents accuse maldonado of
. conversely, if there is a problem. we think about katrina and other things, this could be bad for the president. but let's say that the federal response is appropriate. well, people just expect him to do that. the real issue here is florida, virginia, new hampshire, later this week, ohio. what happens to this much-needed push for early voting by the democrats that they have stated their victory on. what happens to that. there is torrential rain lashing of them. the president can't afford to give up any day or any minute of this voting drive that is so crucial to democratic. megyn: chris, thank you so much. also in the crosshairs of the storm, we will continue to watch it there as well is here. chris mentioned hurricane sandy causing problems and virginia. i mentioned the videotape earlier. near people already said to be without power. authorities say that up to 1 million people could be in the dark when all is said and done. power outages being reported in the new york area. the city of norfork, virginia. we will show you the tracking of the storm that could damage a chunk of
, during hurricane katrina. >> i know what bad damage looks like. my katrina house, all the way up to the ceiling. >> reporter: katie and her neighbors have created a support system of sorts. >> just all closer together. >> reporter: they meet up every night and talk and eat by candlelight. >> without you, i'd be lost. >> reporter: but warm thoughts aren't enough. and many here now fear things will only get worse as the nights grow colder. talk about being stuck between a rock and a hard place. this car sandwiched between a utility pole and this is the boardwalk. some people say they've heard they're not going to get power restored for another month. we kept hearing, where is fema? where is the red cross? where are the elected officials? >> it's heartbreaking, linsey. >>> there's questions about whether the devastation from sandy could be prevented from happening again. some experts say it's possible, looking to places around the world, special sea barriers made to protect cities. john muller is in battery park where the storm surge hit new york so hard. john, good morning. >> repo
Search Results 0 to 49 of about 93 (some duplicates have been removed)